Brexit: UK business should not be complacent ahead of leaving the EU

There is a lot more work to do before Brexit takes place, despite the new agreement on a transition period
“A week is a long time in politics”. So said Harold Wilson. But for most of us, the last year feels like a lifetime, from the triggering of Article 50 last March to a transition agreed last week.
While the past 12 months have been difficult for businesses, slowly but surely there are signs that the voice of prosperity – and the crucial evidence put forward by the business community – is being heard.
Read more We went on a tour of Brexit Britain and this is what we found Last week’s agreement of transition until December 2020 was a genuinely historic handshake with real and immediate consequences. A quarter of our members who are planning for Brexit told us they would trigger contingency plans by the end of March if no transition was agreed. Some will now press pause on these plans, others will slow them, while EU firms with supply chains into the UK will be relieved with the..

Serial Rapist’s Release Is Blocked, for Now, by U.K. Court

Serial Rapist’s Release Is Blocked, for Now, by U.K. Court Photo John Worboys, a former London cab driver, was convicted of assaults on 12 female passengers, although the police say he had more than 100 victims. Credit Metropolitan Police, via Associated Press LONDON — A British court ordered a parole board on Wednesday to reconsider its decision to release a notorious sex offender — a former London cabdriver implicated in attacks on more than 100 women — and told the government to lift the shroud of secrecy over parole decisions.
The decision to grant parole to the serial rapist, John Worboys, after a decade in prison prompted outrage when it was made public in January, and two of his victims sought to have the result overturned in court. Victims said they had been assured that Mr. Worboys stood little chance of ever being released, and some said that the authorities had failed to notify them that he was up for parole.
The women said they felt not only betrayed by the decision but als..

DealBook Briefing: Are FANGs Losing Their Bite?

Supported by DealBook Briefing: Are FANGs Losing Their Bite? Photo Credit Emmanuel Dunand/Agence France-Presse — Getty Images Good Thursday morning. Another FANG stock took a tumble and the Trump administration wants to further thwart sensitive Chinese investments. This newsletter will be taking a break for Good Friday. We’ll be back with you on Monday. Some links require subscriptions.
Are we witnessing the end of a tech boom?Investors, always willing to believe in technology companies, spent the last three years piling into their shares with abandon. Now the intellectual underpinnings of that rally are being tested.
Exhibit A: Facebook, down 20 percent from its recent high.
Exhibit B: Nvidia, off 12 percent from its recent high.
Exhibit C: Tesla, not a tech stock but in the FANG+ index.
Concerns about Tesla’s ability to fund itself can also be seen in the trading of its debt.
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Continue reading the main story The WSJ’s Charley Grant explains:
Tesla can’t simply cut..

Here is the Brexit dilemma: People didn't vote to be poorer, but they didn't vote to be ignored either

Whatever side of the Brexit divide you’re on, you’re being dishonest unless you balance the economics and the politics
One year down, one to go. The Brexit process rolls on. But how much has been achieved? How much remains to be done? Where are we headed? And, crucially, is it worth continuing with it? On this latter point, both sides in a still highly polarised and bad-tempered debate are guilty of oversimplification.
One thing is abundantly clear, wherever we are headed we are not headed there at the speed the government predicted. When triggering Article 50, on 29 March last year, the Prime Minister stated that ‘we believe that it is necessary to agree the terms of our future partnership alongside those of our withdrawal from the EU.’ That dream (or illusion) is no more.
Read more Brexit is already raising questions about the unity of the UK Moreover, because predicting how Parliament will deal with Brexit between now and the end of the year is a mug’s game, all outcomes – fro..

GKN-Melrose takeover deal: When is the deadline and why is it important to the UK?

Critics have accused Melrose of being an 'asset stripper' looking to a dismember a historic and nationally important British company
Shareholders in UK engineering giant GKN have until 1pm on Thursday to decide whether to vote in favour of an £8.1bn hostile takeover by investment firm Melrose industries.
The deal would the biggest hostile takeover of a UK company since Kraft bought Cadbury's in 2010.
Like that deal, it has been highly controversial. The business secretary, Greg Clark, belatedly waded in this week to raise concerns and push for reassurances from Melrose’s management over pensions and jobs, while saying he was “mindful” of national security issues.
Read more GKN: Business Secretary intervenes amid anger over Melrose's bad bid But what are the two companies and why has the takeover caused so many issues?
What is GKN and why is it important? GKN is a British engineering firm with a history going back to the birth of the industrial revolution. T..